Business

Maple Leaf Cement to Acquire Majority Stake in Pioneer Cement

Maple Leaf Cement to Acquire Majority Stake in Pioneer Cement The Pakistani cement sector is witnessing a massive consolidation. Maple Leaf Cement Factory Limited (MLCF) recently announced its plan to take over effective control of Pioneer Cement Limited (PIOC). This strategic move will transform the Maple group into the third-largest cement producer in the country.

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FBR Targets 73,000 Doctors Over Massive Tax Non-Compliance

FBR Targets 73,000 Doctors Over Massive Tax Non-Compliance Pakistan’s Federal Board of Revenue (FBR) has initiated a major enforcement campaign targeting medical practitioners, following alarming data revealing severe tax non-compliance within the profession. With over 73,000 registered doctors failing to file tax returns—despite operating in one of the country’s highest-earning fields—the FBR aims to address what officials call a

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SBP Introduces 2-Hour Cooling Rule for Mobile Wallets

SBP Clarifies 2-Hour Cooling Period for Digital Wallets The State Bank of Pakistan (SBP) has issued an official clarification on the two-hour cooling period for digital fund transfers. Recently, several social media posts created confusion about this rule, suggesting all online transfers would face a two-hour delay. However, the SBP has now confirmed that funds

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FBR IRIS 3.0: Digital Platform for Simplified Tax Returns

Pakistan’s Digital Tax Leap: FBR Unveils IRIS 3.0 for Seamless Tax Filing The Federal Board of Revenue (FBR) is taking a monumental step towards modernizing Pakistan’s tax landscape with the upcoming launch of IRIS 3.0, its next-generation digital platform! This reform is set to revolutionize tax compliance for all citizens and businesses. The major announcement

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